From Larry Kudlow:
In general terms he will be lowering marginal tax rates on both large and small businesses and on all income classes. He also will propose a hike in the standard deduction for families and special deductions for childcare and the elderly.
All of these policies will help the middle class. Trump’s plan will generate substantial new investment, business formation, jobs, and growth -- and hence higher wages.
Trump is the pro-growth candidate in this race. Hillary Clinton is the anti-growth candidate. Trump wants to expand national income and the economic pie. Clinton wants to redistribute income and shrink the pie.
The article goes on to point out the pro-growth tax reductions of Kennedy (who cut capital gains taxes) and Reagan (who cut income taxes). Conservatives know the drill. But that nine-word sentence -- All of these policies will help the middle class. -- is the key to understanding the political war that has waged throughout my lifetime. Liberals havealways tried to destroy the middle class, a group they mock and ridicule incessantly
Liberals took over cities, but thanks to the Interstate system and freeways, the middle class people were able to escape to the suburbs.
Liberals began all sorts of entitlement programs to help the poor, but instead they destroyed the work ethic. Free WiFi is now a right? Really? And food stamps have fueled childhood obesity among the welfare class, formerly known as "the poor."
Liberals and big business teamed up to export manufacturing jobs, while at the same time importing illegal and cheap labor to take the jobs that remained. Reagan fought this as he imposed punitive tariffs to protect American industry. Specifically, he saved Harley Davidson.
Don't be fooled. Liberals hate the middle class and would destroy it, because that is what every single socialist and communist state does. See Venezuela. That is how crooks hold onto power. See Hugo Chavez, the Castro Brothers, and if elected, Hillary.
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